Bitcoin (BTC), the world’s oldest and most valuable cryptocurrency, is struggling to maintain its value, staying below the $65,500 mark and hitting an intraday low of $64,100. The global crypto market cap was $2.37 trillion, reflecting a 24-hour decline of 2.50%. This bearish trend is largely attributed to the US Federal Reserve’s hawkish stance, which...
UK London’s iconic Tooting Market, established in 1930, is now accepting Bitcoin payments, led by a Bitcoin enthusiast Hashley Giles. Following a Bitcoin meetup on June 18, eight merchants at the UK’s first food markets, started accepting crypto payments. This includes restaurants, bars and a vinyl record store. Transactions take place with the support from...
Investment management firm VanEck saw its first spot bitcoin exchange-traded fund (ETF) listed on the Australian Securities Exchange (ASX) attract $1.3 million on the first day of trading. Trading under the ticker “VBTC” the ETF launched with Aus $982.85K ($655.56) in assets and charges a fee of 0.59%. This is the first Bitcoin ETF to...
Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, remained under pressure around $65,100, hitting an intraday low of $64,700. Cryptocurrency hedge funds cut their Bitcoin holdings to the lowest level since October 2020, intensifying selling pressure. Major altcoins, including Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC), also declined, with the...
Digital asset services firm Bequant has launched a capital introduction platform for crypto hedge funds and high-networth individuals (HNWIs). Bequant has a prime brokerage service for institutional clients said using the platform it will allocate its capital to traders alongside investors using the platform. The platform is designed for crypto hedge funds and asset allocators...
The Philippines Securities and Exchange Commission (SEC), the nation’s markets watchdog, has issued an advisory on Wednesday, warning the public against Skyline Crypto and Dry Goods Trading. The advisory informed public that individuals claiming to represent Skyline Crypto Trading are unauthorized to solicit investments from citizens. Per the Philippines’ regulator, the impersonators are offering investment...
Bitcoin miner reserves have reached their lowest level in more than 14 years, falling to 1.90 million BTC as of June 19, 2024. This significant decline marks the lowest point since February 2010, reflecting a trend where miners hold less Bitcoin on their balance sheets. Despite this reduction in Bitcoin reserves, the fiat value of...
Fireblocks said it has partnered with onchain financial data platform TRES to give clients data sources to compile audit tax-ready reports. Fireblocks’customer base of institutions and companies will be able to use TRES to consolidate digital assets and financial activity across wallets and exchanges including non-fungible tokens (NFTs). The TRES report can be streamlined by...
A Nigerian court dismissed on June 19 a wrongful detention lawsuit brought forward by fugitive Binance executive Nadeem Anjarwalla after the country dropped tax charges against him and still detained the Binance compliance chief. According to a June 20 report from Nigeria’s Punch News, Judge Inyang Ekwo rejected Anjarwalla’s litigation grounds of lacking “diligent prosecution.”...
The Monetary Authority of Singapore (MAS) has released a new money laundering risk assessment report, labeling crypto tokens and service providers under “high risk” financial sectors. “There has been an increase in reported cases involving digital payment tokens (DPTs) and there is a range of ways in which DPTs can be exploited,” the report read....